Search form

Equipment & Furniture

Equipment & Furniture Market Research Reports, Analysis & Trends

Equipment & furniture industry comprises companies that operate by primarily selling household, outdoor and office furniture, and equipment. This industry predominantly markets living room, dining room and bedroom furniture , followed by demand for upholstered furniture, and desks, home & office goods, lamps, recliners, rugs and outdoor furniture that all come under this category. The office furniture industry encompasses any company involved in the manufacturing, distribution, and retailing of office furniture. Office furniture manufacturers create products that may include desks, bookcases, filing cabinets, chairs, and general cabinets, and they also produce office and workspace fixtures such as counter tops, cafeteria equipment, partitions, and a variety of furniture parts. Office furniture is typically designed for optimum functioning in a workplace environment.

Office furniture stores and showrooms offer consumers the option of ordering furniture from a manufacturer that the consumer is able to design or customize to meet their specific needs and wants. Office furniture may be distributed for or delivered to a customer in parts that need to be put together, or as a finished, pre-assembled piece. Demand in the office furniture industry is driven by the state of the economy, as well as employment growth, business formations, expansions, and overall operations, or the need of a company to replace office furniture. Profitability in this industry is reliant upon effective merchandising and marketing tactics. Small companies strive to create specialty products with a high quality of workmanship so they are able to retail pieces for a substantial price. Revenue generate by individual companies is dependent upon volume as many costs are static.

Current Trends in Equipment & Furniture Market

The global market share has been relatively steady during the last five years. As the store share is often in line with population and fluctuates slightly based on tourism. The southeast has the highest share of the US population at over 25%, the highest proportion of industry stores at 29.7%. Because there are more homeowners in the suburbs, most industry stores are located in suburbs as well. And over the five years to 2013, the furniture stores industry has been in need of repair. Changes in disposable income, consumer sentiment and the home ownership rate, reduced demand during the recession.

In addition, increased external competition from department stores, especially outlets, has resulted in a loss of revenue. However, during the next five years, that is until 2018, there will be renewed increases in disposable income and strong consumer sentiment will help drive furniture demand. Furthermore, as home ownership and office space rises, residents and corporations will purchase more household and office goods,thereby subsequently growing industry revenue. With over 200,000 employees expected to be hired and maintained in the forecast five year period, the industry is expecting the revenue value to touch and cross $53 billion until the end of 2018.

Clients Who Trust Us

Need custom market research solution? We can help you with that too.

About Us

At Market Research Reports, Inc. we aim to make it easier for decision makers to find relevant information and locate right market research reports which can save their time and assist in what they do best, i.e. take time-critical decisions.

We work with our associate Global market research firms who are known leaders in their respective domains to obtain right market research solution for our customer’s needs, be it custom research or syndicated research reports.

Disclaimer: Market Research Reports, Inc. has no affiliation to, and is not associated with any other website(s) or organization(s). We offer syndicated research reports (like country analysis, SWOT analysis, competitive intelligence, industry reports, company reports and market analysis & trends reports) and custom market research from our website MarketResearchReports.com only.

If you are looking for a market research solution for your research requirements, please begin your search using the search box on top right corner of this page or use our chat system to speak to our market research consultants or directly write to us.